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Stride, Inc.
Video analysis: LRN
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News: LRN
Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model
Chime Financial TodayCHYMChime Financial$32.67 -1.88 (-5.44%) As of 09/10/2026 04:00 PM Eastern52-Week Range$15.88▼$35.55Price Target$35.00Add to WatchlistFor years, financial technology platforms operated with a structural vulnerability: they relied on third-party chartered banks to hold deposits and clear transactions. That software-wrapper era is drawing to a close.
Chime Financial stock jumps after Stride Bank deal; upside of up to 40% seen
Chime shares CHYM surged 9% before the bell on Wednesday after the fintech company agreed to acquire Stride Bank for $590 million, a move that would give it a national bank charter and greater control over its lending business. The deal, announced late Tuesday, marks a significant step in Chime's effort to compete more directly with traditional banks.
Wall Street Breakfast Podcast: Chime Finds Its Stride
Chime Financial (CHYM) will acquire Stride for $590M in cash, aiming for immediate EPS accretion and further upside. Grand Theft Auto 6's launch is a major videogame catalyst.
Chime Inks $590 Million Deal to Buy Longtime Bank Partner Stride
Chime plans to acquire its bank partner, Oklahoma-headquartered Stride Bank, to further Chime's efforts to provide “mainstream America” with better banking, the company said in a Tuesday (Sept. 8) press release.
Chime Financial Signals Breakout On Strong Guidance, Stride Takeover
Chime Financial jumped late Tuesday after raising guidance and announcing a key acquisition.
Chime to buy nationally chartered Stride Bank for $590 million, shares jump
Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its lending business.
Chime Announces Agreement to Acquire Stride Bank
SAN FRANCISCO--(BUSINESS WIRE)--Chime® (NASDAQ: CHYM), America's #1 choice for banking1, today announced that it has entered into a definitive agreement to acquire Stride Bank, N.A. (“Stride”) for $590 million in cash.2 Stride is a nationally chartered bank that has been Chime's bank partner for more than seven years. Upon closing, Stride will become Chime Bank, N.A. and operate as a wholly owned subsidiary of Chime. The transaction marks an important milestone in Chime's evolution from industr.
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